Is it realistic for conveyancing in Gravesend to be completed in 10 days?
First, If the seller is applying pressure to sign contracts it is advisable to make sure that your solicitor is familiar with the location as they will have local relationships and insight. It is even conceivable that they may have transacted previousproperties in the same road. You would be best advised to use a Gravesend conveyancing firm. Second, check that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that just under twenty per cent of Gravesend conveyancing transactions are delayed or derailed after finding out that a purchaser’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the transaction being held up by an average of 21 days. It is claimed that this issue impacts approximately one hundred thousand home moves every year. Many Gravesend conveyancing practices can not represent certain lenders so do check at the outset.
I purchased a freehold property in Gravesend but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Gravesend and has limited impact for conveyancing in Gravesend but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Gravesend. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/4/2024, the requirements read as follows :
There is lots of here concerning conveyancing in Gravesend but can you isolate your top tip for appointing the right conveyancer in Gravesend
Do not opt for the lowest Gravesend conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
My wife and I buying a terrace house in Gravesend. The intention is to an extension at the rear at the property.Will the conveyancing process include enquiries to ascertain if these works are permitted?
Your conveyancer will review the deeds as conveyancing in Gravesend will sometimes reveal restrictions in the title deeds which prevent certain alterations or require the consent of a 3rd party. Certain additions call for local authority planning consent and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be sensible to check these issues with a surveyor ahead of any purchase.
Santander have agreed my home loan in principle, my offer on a flat in Gravesend has been agreed to, what happens next?
The property agent will want to be informed of your property lawyer's details (ensure that the conveyancing practitioners are on the lender’s panel). Telephone Santander or your financial adviser and finalise any appropriate documentation. Santander will sellect a valuer who will get in touch with the estate agent or seller to arrange a slot for the valuation to take place. Once carried out (assuming no problems) it takes approximately ten days to get a mortgage offer. Santander will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Gravesend.
Is it possible to transfer to a new conveyancer as I need to select a firm on the The Mortgage Works conveyancing panel. I was using a high street conveyancing solicitor in Gravesend round the corner but he is not approved by The Mortgage Works
We will our best to assist in finding you a conveyancing solicitor in Gravesend on the The Mortgage Works panel. Please note that the solicitors that we list do not pay us a referral fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Gravesend. Using the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Gravesend.
Can you provide any top tips for leasehold conveyancing in Gravesend from the point of view of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Gravesend can be avoided where you instruct lawyers the minute you market your property and request that they start to put together the leasehold documentation which will be required by the purchasers’ solicitors. You believe that you know the number of years remaining on your lease but it would be wise to double-check via your solicitors. A purchaser's conveyancer will be unlikely to recommend their client to where the lease term is less than 75 years. It is therefore important at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. If there is a history of conflict with your landlord or managing agents it is essential that these are settled prior to the flat being marketed. The purchasers and their solicitors will be reluctant to purchase a flat where there is a current dispute. You may have to bite the bullet and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is clearly preferable to reveal the dispute as over rather than unsettled. In the event that you altered the property did you need the Landlord’s consent? Have you, for example laid down wooden flooring? Most leases in Gravesend state that internal structural alterations or laying down wooden flooring necessitate a licence issued by the Landlord consenting to such works. If you dont have the approvals to hand do not communicate with the landlord without contacting your solicitor first. Many freeholders or managing agents in Gravesend charge for providing management packs for a leasehold property. You or your lawyers should discover the fee that they propose to charge. The management information can be applied for as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Gravesend.
Gravesend Conveyancing for Leasehold Flats - Examples of Questions you should ask before buying
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If a Gravesend lease has no more than 80 years it will have adverse implications on the salability of the apartment. It is worth checking with your mortgage company that they are willing to lend given the lease term. Leases with fewer than 80 years remaining means that you will almost definitely have to extend the lease sooner rather than later and it is worth discovering how much this will be. For most Gravesendlease extensions you would need to own the residence for two years before you are entitled to exercise a lease extension. This question is useful as a) areas could result in problems in the block as the communal areas may begin to deteriorate where services are not paid for b) if the leaseholders have an issue with the running of the building you will wish to know about it Does the lease contain onerous restrictions?